Agreement Receivable Statement With Multiple Conditions In Fairfax

State:
Multi-State
County:
Fairfax
Control #:
US-00037DR
Format:
Word; 
Rich Text
Instant download

Description

The Agreement Receivable Statement with Multiple Conditions in Fairfax outlines the terms under which a Factor purchases accounts receivable from a Client. It is structured to facilitate the transfer of receivables, with specific conditions governing credit approvals, assignment of accounts, and handling of credit risks. Key features include provisions for the assignment of receivables, sales and delivery processes, credit risk management, and the requirement for monthly profit and loss statements signed by an officer of the Client. Filling out the agreement involves providing detailed information about the parties, defining the percentage for Factor's commission, and specifying timeframes for certain obligations. Editing instructions emphasize clarity and conformance to the required legal standards. This form is particularly useful for attorneys, business partners, and legal assistants who need to formalize financial transactions and allocate risks in business operations. It serves as a critical document for establishing the financial relationship between Clients and Factors, ensuring that both parties understand their rights and obligations.
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FAQ

Standard Color Codes ClassMeaningColor CLASS C less than 500 GPM RED CLASS B 500 to 999 GPM ORANGE CLASS A 1,000 to 1,499 GPM GREEN CLASS AA greater than 1500 GPM LIGHT BLUE

Fire hydrants All Fairfax Water hydrants are painted red with a silver top, with exception to the hydrants in the former City of Falls Church service area which are silver with red tops.

Ing to the standards, the hydrant body (barrel) should be chrome yellow unless the jurisdiction has adopted a different color (white, chrome silver or lime-yellow). The top (bonnet) and nozzle caps (discharges) should be color-coded to indicate hydrant flow.

You may obtain the deed book and page number by searching for the document in the Court Public Access Network (“CPAN”) on one of the public computers in the Land Records Research Room or through a subscription. Subscribers to CPAN are able to make non-certified copies from their own computer.

High-pressure hydrants are painted blue. Black indicates a restricted-use hydrant. And if a hydrant is painted purple, it means the hydrant is connected to a water source that isn't safe to drink—like recycled water or water from a pond—but is still great for putting out fires.

NFPA 291 - Standard Color Codes for Flow at 20 P.S.I. are as follows: CLASS C LESS THAN 500 GPM - RED. CLASS B 500-999 GPM - ORANGE. CLASS A 1000-1499 GPM - GREEN.

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Agreement Receivable Statement With Multiple Conditions In Fairfax